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EU Politics - Hamsterwheel

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EU Politics - Hamsterwheel

Old 5th Dec 2013, 17:47
  #3481 (permalink)  
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The EU should immediately deliver an "official ultimatum" to the UK PM David Cameron's coalition government forthwith:

"SHAPE UP, SHUT UP OR SHIP OUT", you have 12 months to deliver?

Sounds like a good plan but there would be just one small catch. Who is going to make up the shortfall of cash when we take our ball home? I cant see Germany being to keen and the French are having troubles of their own

No axe to grind just interested in which other EU member country has the loose change to cover it
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Old 5th Dec 2013, 17:57
  #3482 (permalink)  
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Some money well spent there Farmville cows
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Old 5th Dec 2013, 18:27
  #3483 (permalink)  
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So, did they run out of money in November?
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Old 12th Dec 2013, 09:44
  #3484 (permalink)  
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Dismantle the euro, says Nobel-winning economist who once backed currency union

A leading economist who once argued for the creation of the euro now claims the single currency should be abandoned as it is fuelling unemployment and dividing Europe.

A Nobel prize-winning economist will on Thursday withdraw his support for the euro saying it has created a “lost generation” unemployed youngsters and should be broken up. Sir Christopher Pissarides was once a key proponent of a single currency but will on Thursday accuse the euro of “dividing Europe” and say action is needed to “restore the euro’s credibility in international markets” and the “trust that Europe’s nations once had in each other”, according to the Daily Mail.

Speaking at the London School of Economics, where he teaches, Professor Pissarides will say: “The euro should either be dismantled in an orderly way or the leading members should do the necessary as fast as possible to make it growth and employment-friendly,. We will get nowhere plodding along with the current line of ad hoc decision-making and inconsistent debt-relief policies. The policies pursued now to steady the euro are costing Europe jobs and they are creating a lost generation of educated young people. This is not what the founding fathers promised.”

The Cypriot-British economist, who won the Nobel prize in 2010, is speaking days after Christine Lagarde, the head of the International Monetary Fund, insisted the crisis in the eurozone was not yet over.

The eurozone economy grew by just 0.1 per cent in the third quarter of the year compared with 0.8 per cent in Britain and 0.9 per cent in the US. Unemployment within the single currency area now stands at 12.1 per cent, meaning more than 19million people are out of work.

Some economists argue Europe cannot enact the policies needed to boost growth and create jobs due to the huge variations in economies across the region. German taxpayers are unwilling to pay out to help crumbling economies such as Greece or Spain while even France now faces financial crisis.

Explaining why he had worked hard to persuade Cyprus to join the currency union in 2008, Professor Pissarides will say: “I was completely sold on the idea. Back then, the euro looked like a great idea. But it has now backfired. It is holding back growth and job creation and it is dividing Europe. The present situation is untenable.”

Professor Pissarides, 65, is the regius professor of economics at the LSE and chairman of its new Centre for Macroeconomics. He was knighted in June.
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Old 12th Dec 2013, 10:18
  #3485 (permalink)  
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The EU-sceptic parties, those so-called racists and bigots, seem to be gathering a lot of support, despite having been dismissed as loonies on the fringes ............
By Ambrose Evans-Pritchard
9:55PM GMT 11 Dec 2013
"The time of an 'ever closer union' in every possible policy area is behind us," says the Dutch government. Its review of EU powers calls for swathes of policy, from social security to water management, to be left "more or less entirely to member states".

The Dutch are carefully shadowing the British, as well they might given that Geert Wilder's Freedom Party is leading the polls with calls to "control our borders, our economy, our currency". The cities of Rotterdam and The Hague have vowed openly to breach EU law on social security rights for Balkan migrants.

Over the past few months the eurosceptic floodgates have burst. French support for the EU Project has dropped from 60pc to 41pc since mid-2012, according to the Pew Foundation. This is in part the result of austerity overkill and double-dip recession, now threatening triple-dip, but also because the Franco-German partnership that has steered Europe for 60 years has finally broken down. It has become too unequal to defend fundamental French interests.

Prof Heisbourg, a pro-European, has since published La Fin du Rêve Européen (End of the European Dream) calling for the euro to be broken up to save the European Project. "The dream has become a nightmare. We must face the reality that the EU itself is now threatened by the euro," he said.
He proposes an orderly return to national currencies - "putting the euro to sleep" - arguing that everything changed when French and Dutch voters rejected the EU Constitution in 2005. It was clear from then on that there could be no popular support in any of the major EMU states for the sort of the fiscal union or European government required to make the euro work.
It looked for a while as if the euro crisis would force EU leaders to create a superstate machinery, though that would be to compound the folly. "You cannot create a federation to save a currency. Money has to be at the service of the political structure, not the other way around," he says.
............. This is playing into the hands of Marine Le Pen's Front National, now leading the polls with calls for a return to the franc and economic self-rule, and pulling votes from Socialist working class bastions. A Polling Vox survey found that 42pc of French voters are willing to consider backing the Front National. She has shaken off the stigma.
Jacques Attali, a Socialist luminary and former head of the European Bank for Reconstruction and Development, lashed out at Berlin last week, claiming that contractionary EMU policies imposed by Germany were pushing France over the brink. He explicitly compared the state of French society with Germany in 1933 when the National Socialists took power.

The dam is bursting in Italy as well, a eurosceptic country these days, its people all too aware that they are trapped in a slump with an over-valued currency, youth unemployment of 41pc and a debt to GDP ratio that has jumped from 119pc of GDP to 133pc in three years despite harsh austerity and the biggest primary surplus in the developed world.
"It is a failed policy," said Romano Prodi, the former head of the European Commission and the man who launched the euro. He is now losing faith in the EU as a treaty organisation of sovereign peers. "Today there is only one country and only one in command: Germany. France, Italy, and Spain should together pound their fists on the table, but they delude themselves that they can go it alone," he said.

............. Some argue that Britain would be shut out of the single market, or forced into limbo for years. Quite why that should be so when Tunisia has tariff-free access to the EU is rarely explained. I notice that nobody raises the identical point about Scotland, which would be in the much same position at first since it has to leave the EU before reapplying as a new state. But of course, everybody knows that the EU would in fact arrange matters so as to ensure that Scotland never missed a beat. Clever lawyers in the Commission's legal services would find a way, as they always do.
Unless the events were grotesquely mishandled - always possible - France and Germany would bend over backwards to find a workable formula, keen to avert trade damage, and if possible to maintain the fiction that Britain that remains an EU member whatever the actual status.
Britain's hand in Europe has never been as strong as it is right now. This should not be abused. But it can be celebrated gracefully. We may be moving into a Europe of "multiple geometry" where integrationist elites no longer hold the whip hand, different groups of states cohere as they see fit, power flows both ways, and perhaps even where can take charge our own fisheries and farm. If that is so, it is surely an EU we can live with. I have never felt as cheerful before about our role in Europe.
IMF's Lagarde says euro crisis not solved, demands pre-emptive action from ECB - Telegraph
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Old 12th Dec 2013, 11:31
  #3486 (permalink)  
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I read this article this morning and thought on the whole pretty it had a pretty positive message. Sounds like common sense is finally prevailing.

I'm sure it will still have the ukippers frothing at the mouth at the mere suggestion that we might actually be able to find a way to stay in the EU.

After seeing Ms Ashton in action in Kiev last night I'm actually feeling quite proud of 'our' EU....
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Old 12th Dec 2013, 11:44
  #3487 (permalink)  
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I'm sure it will still have the ukippers frothing at the mouth at the mere suggestion that we might actually be able to find a way to stay in the EU.
Not so. The underlying principles of it as a free trade and movement union are sound, it's all the peripheral bullshit and costly infrastructures that are destructive. It has gone too far in terms of the freedom of movement, the union has over extended itself in all senses of the word, and needs to pull back. Whether that is achievable or not is another story as there are too many vested interests, or snouts in the trough to put it more directly.
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Old 12th Dec 2013, 11:52
  #3488 (permalink)  
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Same can be said for pretty much most governments. Despite their many failings the EU do do some good things, witness them kicking the banking sector into shape. As I said before, Catherine did us proud in Ukraine yesterday - go girl!
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Old 3rd Jan 2014, 04:04
  #3489 (permalink)  
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Can Greece repair its reputation? - Telegraph
Brussels bureaucrats are not known for their humorous side, nor indeed are German politicians or Eurozone finance chiefs. But anyone wandering through Syntagma Square in Athens these days could be forgiven for thinking that someone in the EU hierarchy clearly has a sense of mischief.

In recent weeks, after five years as a battleground between Greek police and anti-austerity protesters, the square has been undergoing repairs to its marble. The refurb marks not the end of Greece’s austerity years – far from it – but the start of what many might otherwise assume was a drunken New Year’s prank by someone in Brussels’ protocol and scheduling department.

Why else, after all, would debt-ridden, feckless Greece be taking over the presidency of the European Union after five years in which it has nearly brought the whole European project to its knees?

Others, however, see a Greek presidency as akin to making the bad boy at the back of the class the school monitor. “It’s a delicious paradox,” says Daniel Hannan, the Tory MEP and leading Eurosceptic. “The EU reckons that Greece is incapable of governing itself, and has placed it under the troika [the European Commission, the ECB and IMF]. Yet now Greece is presiding over the EU.”
Greece's manufacturing sector is doing better than the Soviet Socialist Republic of France under Komrad Hollande, so maybe the the Greeks are qualifed to run the EU. I wasn't aware that they made anything, but that may be precisely why they are doing so well!
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Old 3rd Jan 2014, 05:27
  #3490 (permalink)  
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I read also of sparks of life in the Spanish real estate market, where bargain hunters are scooping up Costa del Sol properties at distressed prices. That's how markets should work. Smart people, I think, save some monetary powder for making serious gains when all seems to be lost.

Somehow the Euro holds its $1.35-1.40 range. I don't see a basis for that, absent central bank contrivance to keep it that way. It might last a while, but politics change and the inevitable happens at some point, who knows when? I'm convinced the Euro concept is broken, as I have been for years. It just doesn't work for the productive people trapped in it.
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Old 3rd Jan 2014, 06:39
  #3491 (permalink)  
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Originally Posted by BenThere View Post
I read also of sparks of life in the Spanish real estate market, where bargain hunters are scooping up Costa del Sol properties at distressed prices.
I saw an article last year about a website that had been set up by the Spanish government listing all the properties for sale in the country.

What the site failed to mention was that many of them had been built illegally due to corrupt mayors, lawyers and developers and that unwary buyers could end up buying a house that would eventually have to be demolished.

There have been stories in the UK press about people being evicted and houses they bought torn down, through no fault of their own.
Has this same fate occurred to other nationalities such as the Dutch, Germans, Scandinavians etc. who have invested heavily on the Costas?
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Old 3rd Jan 2014, 12:44
  #3492 (permalink)  
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Not quite the same, but...

The brother-in-law of my brother-in-law, German, three years ago bought a building plot on a proposed development about 45 kms north of Estepona....Paid about € 200k, I think....

The land was actually sold to him by the local town council, and on the day of purchase the legal documents were signed by the mayor and two other council members before being handed over to him....So no problem of legal ownership and construction licenses, etc....

Just that since then, the town council have refused to pay for the urbanisation to be connected to the local water supply as agreed in the sale document, arguing that they now have no money to pay for the approx. 3 kms of water and sewerage pipes....

Catch 22 situation....No other plots sold, council doesn't get the income to do the necessary construction work....No water or sewerage connecction, no more buyers....

Result is that he and the only other buyer have worthless buiding plots ( other potential buyers obviously scared off ) or pay the approx. € 600k for the connection themselves....

Last edited by Hussar 54; 3rd Jan 2014 at 13:13. Reason: Italics.....One brother-in-law too few....
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Old 3rd Jan 2014, 14:28
  #3493 (permalink)  
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I read also of sparks of life in the Spanish real estate market, where bargain hunters are scooping up Costa del Sol properties at distressed prices.

That does not describe the situation in the Costa Brava / Girona area, where the market may have slowed but prices never dropped. I'm not making this comment based on reading the 'net but from getting out, looking for property and asking about prices. If anything prices are higher than ten years ago, and building on our mountainside continues unabated.

And as I've said before, it's the French moving their cash down here, buying land, and building villas at a total cost of well over one million euros. Two in our street in the past two years, one purchase and total renovation in our street last year, two new villas on the street above last year. And so on.

What recession ?
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Old 3rd Jan 2014, 15:31
  #3494 (permalink)  
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I find the sheer arrogance of the EU quite breathtaking at times.

The UK government, having dithered and dodged the issues far beyond what was reasonable, recently announced the commission of a nuclear power plant.

'We will have to consider whether we will allow that' was the response from the EU.
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Old 5th Jan 2014, 15:14
  #3495 (permalink)  
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Just come back from a meal in an excellent restaurant, party of six on the next table admiring Mrs OFSO's sculpture which is on display there, I asked what they were doing here, "come down to buy some residential property". All Russian.
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Old 5th Jan 2014, 15:34
  #3496 (permalink)  
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Getting money out of Russia - just in case..?
Dodgy money?
Foreign bolthole?
All of the above?
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Old 5th Jan 2014, 15:55
  #3497 (permalink)  
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The only nationality buying property in Spain to which the above wouldn't apply is...the Spanish.
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Old 25th Jan 2014, 10:59
  #3498 (permalink)  
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What would life be like outside the EU? ? Telegraph Blogs
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Old 1st Feb 2014, 14:13
  #3499 (permalink)  
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France has seen the steepest decline of inward investment of any country in the EU, plummeting by 77% to the lowest level in 27 years.

In contrast, the UK has retained its place at top of the league table.

Among the largest economies the biggest winners were Germany and Spain but 15 out of the 27 EU economies saw a decline in the flow of foreign investment.

(Report by the United Nations, quoted today in the Telegraph).
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Old 1st Feb 2014, 17:49
  #3500 (permalink)  
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All things EU...

Bravo OFSO and/or Capetonian...?!
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